Optimization path of China’s energy industry structure under low carbon economy situation

The study discusses the main aspects of optimizing the structure of China’s energy industry in a situation with a low-carbon economy. To build a model for forecasting electricity demand, the method of partial least squares regression is used. The basic scenario and the scenario with restrictions are...

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Main Authors: XiangRu Ma, Ekaterina V. Nezhnikova
Format: Article
Language:English
Published: Peoples’ Friendship University of Russia (RUDN University) 2024-03-01
Series:RUDN Journal of Economics
Subjects:
Online Access:https://journals.rudn.ru/economics/article/viewFile/38562/23319
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author XiangRu Ma
Ekaterina V. Nezhnikova
author_facet XiangRu Ma
Ekaterina V. Nezhnikova
author_sort XiangRu Ma
collection DOAJ
description The study discusses the main aspects of optimizing the structure of China’s energy industry in a situation with a low-carbon economy. To build a model for forecasting electricity demand, the method of partial least squares regression is used. The basic scenario and the scenario with restrictions are set taking into account the peculiarities of the development of a new normal economy. Based on the baseline scenario and the restricted scenario, the total energy demand, energy consumption structure and CO2 emissions in China are projected. Taking into account energy, economic and environmental factors, a multi-purpose optimization model of the energy consumption structure was built and the structure of China’s energy consumption and the corresponding CO2 emissions under optimization scenarios were obtained. This research describes revise the energy consumption structure in China, should reducing energy consumption and carbon dioxide emissions is very helpful.
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spelling doaj.art-9bc9386c0c5f43e2bc6d0a800d3d083c2024-04-03T12:37:12ZengPeoples’ Friendship University of Russia (RUDN University)RUDN Journal of Economics2313-23292408-89862024-03-01321536810.22363/2313-2329-2024-32-1-53-6821042Optimization path of China’s energy industry structure under low carbon economy situationXiangRu Ma0https://orcid.org/0000-0001-8769-8170Ekaterina V. Nezhnikova1https://orcid.org/0000-0002-5236-7950RUDN UniversityRUDN UniversityThe study discusses the main aspects of optimizing the structure of China’s energy industry in a situation with a low-carbon economy. To build a model for forecasting electricity demand, the method of partial least squares regression is used. The basic scenario and the scenario with restrictions are set taking into account the peculiarities of the development of a new normal economy. Based on the baseline scenario and the restricted scenario, the total energy demand, energy consumption structure and CO2 emissions in China are projected. Taking into account energy, economic and environmental factors, a multi-purpose optimization model of the energy consumption structure was built and the structure of China’s energy consumption and the corresponding CO2 emissions under optimization scenarios were obtained. This research describes revise the energy consumption structure in China, should reducing energy consumption and carbon dioxide emissions is very helpful.https://journals.rudn.ru/economics/article/viewFile/38562/23319china energy industryoptimizationlow-carbon economy
spellingShingle XiangRu Ma
Ekaterina V. Nezhnikova
Optimization path of China’s energy industry structure under low carbon economy situation
RUDN Journal of Economics
china energy industry
optimization
low-carbon economy
title Optimization path of China’s energy industry structure under low carbon economy situation
title_full Optimization path of China’s energy industry structure under low carbon economy situation
title_fullStr Optimization path of China’s energy industry structure under low carbon economy situation
title_full_unstemmed Optimization path of China’s energy industry structure under low carbon economy situation
title_short Optimization path of China’s energy industry structure under low carbon economy situation
title_sort optimization path of china s energy industry structure under low carbon economy situation
topic china energy industry
optimization
low-carbon economy
url https://journals.rudn.ru/economics/article/viewFile/38562/23319
work_keys_str_mv AT xiangruma optimizationpathofchinasenergyindustrystructureunderlowcarboneconomysituation
AT ekaterinavnezhnikova optimizationpathofchinasenergyindustrystructureunderlowcarboneconomysituation